AI Summary
5 min read🎙️ The Voices & The Context
- The Format: Casual interview podcast between host Peter McCormack and guest Cory Klippsten, CEO of Swan Bitcoin, recorded in Manhattan Beach, LA, recapping 2025 and peering into 2026.
- The Key Players:
- Guest: Cory Klippsten – Bitcoin educator, entrepreneur, and Swan Bitcoin founder; famous for sharp critiques of altcoins, scams like SBF, and building a high-signal Bitcoin media/wealth platform.
- Host: Peter McCormack – Bitcoin podcaster ("What Bitcoin Did"), probing with insider questions on policy, markets, and drama.
- The Vibe: Educational with conspiratorial edge – Insightful Bitcoin-maximalism, laced with "mask-off" crypto takedowns, optimistic on adoption despite 2025 price disappointment.
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What you'll learn
- 1 (00:00) **🎙️ Introduction: Corey Klippsten**
- 2 (01:10) **2025 Bitcoin Year Recap**
- 3 (03:12) **Trump's First Year on Bitcoin**
- 4 (04:40) **Stablecoin Legislation and Purpose**
- 5 (06:17) **Offshore Exchanges as Money Laundering**
- 6 (12:37) **China's Role in Crypto Laundering**
- 7 (14:15) **SBF and Early Scams**
+ Full timestamped outline available in the app
Show Notes
Cory Klippsten joins the show for a conversation on Bitcoin, power, and what is actually happening beneath the surface of the crypto industry. We break down why offshore exchanges are tolerated by governments, how surveillance and enforcement shape market structure, and why much of the crypto economy exists to extract rather than create long term wealth. Cory explains why Bitcoin adoption advanced structurally in 2025 despite a flat price, why tariffs and macro uncertainty weighed on markets, and why the old four year cycle narrative is likely dead.
We then get into Bitcoin treasury companies, MicroStrategy, leverage, preferred structures, and why most companies holding Bitcoin are not actually competing in the same game. We also get into self custody risks, education versus attention driven media, prediction markets, macro liquidity, and why Bitcoin is maturing into a real macro asset even if price action has not caught up yet.
THANKS TO OUR SPONSORS:
FOLLOW:
Danny Knowles: https://x.com/\_DannyKnowles or https://primal.net/danny
Cory Klippsten: https://x.com/coryswan
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